On the face of things however, it seems hard to make the same determination about Vaneck's Indonesia Index as it appears to have just completed wave A down and some of the way through the wave B rally (so it seems to be around half-way through its corrective phase).
In the short-term it seem likely that the current rally will go up ~5% to around $22 and the re-commence the final corrective phase down.
There doesn't seem to be any clear tendencies in wave C extensions: some as low as 0.618 extension of wave A and some as much as 1.618. Mainly based on the signs of recovery within the Jakarta Stock Exchange (which will help the Bank stocks that seem to make up a significant portion of the ) I wouldn't expect much more than a 0.618 wave A extension for wave C - which would mean an 18% decline at a minimum before the end of the year.
I am not a professional, this is just for my own education. All care and no responsibility - just like the people that manage your investment portfolio :) If I can spend 5 minutes on the chart and correctly (we will see ay - I could be wrong) pick it going down 18% or more then what are the professionals doing to protect your investment?
I wouldn't mind a like or two - some posts have ~100 views per like. Let's see how it develops. This is 100% and comprises 0% . There are vast benefits to conducting your own research (if you have time).
I chose this randomly and have no investment in it or any other link to it either now or in the past.